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July 13, 2022, 9:55 AM
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| New York Times: |
Twitter sues Elon Musk, in Delaware's Court of Chancery, to force him to complete his $44B acquisition of the company, as he “refuses to honor his obligations” — The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.
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Chancery of the State of Delaware, Reuters, BBC, Bloomberg, Washington Post, CNBC, Bloomberg, Financial Times, TheGamer, Law and Politics, Chancery of the State of Delaware, FORWARD GC, The Economic Times, Coinspeaker, Australian Financial Review, TechCrunch, Silicon Republic, Bitcoin News, Bloomberg, San Francisco Business Journal, Engadget, Politico, PCMag, and MobileSyrup
Tweets: @btaylor, @rmac18, @kateconger, @caseynewton, @matt_levine, @danprimack, @kylesgibson, @dkthomp, @davidlat, @rmfifthcircuit, @mikeisaac, @dkthomp, @mmasnick, @sifill_, @silvermanjacob, @alexeheath, @sarahfrier, @sarafischer, @thedextriarchy, @mikeisaac, @sarahfrier, @bobbyallyn, @danahull, @lex_node, @davidlaz, @michaeldweiss, @taylorlorenz, @kantrowitz, @plainsite, @akilahobviously, @martinsfp, @armandondk, @pierce, @ephraimgopin, @caseynewton, @reckless, @robdenbleyker, @mshannahmurphy, @africatechie, @pkafka, @danprimack, @moorehn, @kurtwagner8, @sarahfrier, @moorehn, @tedfrank, and @mikeisaac
| Bloomberg: |
An in-depth look at the rise and fall of crypto hedge fund Three Arrows Capital, whose founders Su Zhu and Kyle Davies bet everything on prices only going up — Days before Bitcoin fell decisively below $40,000, and two months before his hedge fund went bankrupt, Su Zhu sat down for an interview …
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CNBC, Yahoo Finance, crypto.news, Cointelegraph, Bloomberg Law, Bloomberg, Benzinga, Bitcoinist.com, and The Daily Hodl
Tweets: @zhusu, @mikulaja, @nayrazz, @kevinorland, @carlquintanilla, @justinaknope, @seldo, @cduhaime, @muyaoshen, @ianw888, @niubi, @reuterslegal, and @unlockscalendar
| Tripp Mickle / New York Times: |
Sources: Apple ends its consulting agreement with Jony Ive that made Apple his firm's primary client and limited Ive from taking on work Apple found competitive — Three years after promising to work “long into the future” with the man behind its candy-colored computers, Apple and Mr. Ive are through.
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9to5Mac, Insider, Neowin, Gizchina, Daring Fireball, Philip Elmer‑DeWitt, Wallpaper*, Fossbytes, XDA Developers, Slashdot, The Economic Times, iDownloadBlog.com, WRAL TechWire, iPhone in Canada Blog, Bloomberg, Patently Apple, CNET, MacDailyNews, MobileSyrup, Thurrott, iClarified, The Verge, and Cult of Mac
Tweets: @harrymccracken, @gvnsmth, @rsgnl, @raywongy, @ajmcgr, @bxchen, @marcoarment, @counternotions, @greengart, @trippmickle, @joannastern, @saradietschy, and @joannastern
| Shivani Tanna / Reuters: |
Vermont's Department of Financial Regulation joins a multistate investigation into Celsius and says it believes the cryptocurrency lender is “deeply insolvent” — July 12 (Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is …
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Department of Financial …, The Department …, Decrypt, watcher.guru, The Crypto Basic, Blockworks, Ethereum World News, and The Block
Tweets: @inafried, @wublockchain, @minuswells, @aarondbennett, and @californiadfpi
| Casey Newton / Platformer: |
A critique of Ev Williams' 10-year tenure at Medium and how it got caught in the middle between Substack and well-funded publishers like BuzzFeed and Vice — How Medium got stuck in the middle. PLUS: Twitter sues Musk — Few tech CEOs can claim to have steered the course of online conversation more than Ev Williams.| Benjamin Mullin / New York Times: |
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Ev Williams, Coach Tony, TechCrunch, The Official Medium Blog, and Fast Company
Tweets: @ev, @goldman, @lanceulanoff, @joshelman, @jeffjarvis, @rafat, @anildash, @kerrymflynn, @kurtwagner8, @mgsiegler, @iankar_, and @caseynewton
| The Verge: |
Memo: Sundar Pichai told employees that Google will slow hiring in the rest of 2022 and will have to work with “greater urgency, sharper focus, and more hunger” — ‘Greater urgency, sharper focus, and more hunger’ — Google has told employees that it'll be …
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Wall Street Journal, CNBC, Finbold, Insider, Benzinga, Bloomberg, 9to5Google, City A.M., SiliconANGLE, International Business Times, Gizchina, BGR India, TechCircle, The Register, TechCrunch, MarketWatch, and Washington Post
Tweets: @carnage4life, @dylanbyers, and @alexeheath
| Dan Goodin / Ars Technica: |
Microsoft says a phishing campaign targeted 10K+ organizations since September 2021 by hijacking Office 365's authentication process even on accounts using MFA — Campaign that steals email has targeted at least 10,000 organizations since October. — On Tuesday, Microsoft detailed …
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Microsoft Security Blog, Metacurity, The Hacker News, Threatpost, PCMag, ZDNet, BleepingComputer, Silicon Republic, and CSO
Tweets: @msftsecintel, @sarahhandler, and @campuscodi
| Erron Kelly / VentureBeat: |
Twitter says roughly 1.5B tweets about gaming were made on its site in H1 2022, up 36% YoY; Genshin Impact and Wordle were the most tweeted-about games — Roughly 1.5 billion tweets about gaming were made on Twitter in the first half of 2022. That's ‘billion’ with a ‘b’.
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Twitter, Pocket Gamer.biz, Fossbytes, and Social Media Today
| Kurt Schlosser / GeekWire: |
The leaders of Amazon, Microsoft, Apple, Meta, Google, and 500+ business, education, and nonprofit companies urge US states to boost computer science education — More than 500 business, education and nonprofit leaders have teamed with Seattle-based computer education nonprofit Code.org …
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ceosforcs.com and The Verge
| Sarah Perez / TechCrunch: |
TikTok unveils Content Levels, a system to classify content, similar to age ratings in films, and plans to let users block videos with certain words or hashtags — Earlier this year, TikTok said it was developing a new system that would restrict certain types of mature content from being viewed by teen users.| Hannah Murphy / Financial Times: |
Sources: Snap is exploring plans to let NFT artists showcase their designs as augmented reality filters on Snapchat; the test will start at the end of August — Social media platform is the latest to dabble in digital assets to attract influencers despite crypto crash
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Metaverse Post, TechCrunch, and Coinspeaker
| Ingrid Lunden / TechCrunch: |
Unity to merge with app monetization service Ironsource, valued at $4.4B in the all-stock deal; Silver Lake, Sequoia will invest $1B in Unity after the merger — Update: the companies have confirmed the news here. IronSource is being valued at $4.4 billion in the all-stock deal.
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Unity Blog, CTech, Globes Online, Business Wire, and Pocket Gamer.biz
Tweets: @amandafarough, @roxaloxa, @futterish, @dj_link, @richardcobbett, @joewintergreen, @ingridlunden, @rossdawson, @sserrano44, @brkeogh, @iansherr, and @unitygames
| Ivan Mehta / TechCrunch: |
Truecaller launches Open Doors, a Clubhouse-like app which lets users register with their phone numbers and audio chat with their contacts who have the app — If you thought of the age of companies launching real-time audio chat apps, you're wrong. Swedish caller identification service Truecaller …
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Livemint
| Ivan Levingston / Bloomberg: |
Sources: UK payments company Zepz, formerly WorldRemit, delayed its IPO planned for Q2, 2022 due to issues with accounting and turnover in its senior ranks — UK financial technology startup Zepz, parent of WorldRemit, has struggled with its accounts and turnover in its senior ranks prior …
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AltFi and PYMNTS.com
| Kyle Wiggers / TechCrunch: |
Kontent, whose headless CMS powers over 2K websites, apps and e-commerce stores, has raised $40M from Expedition Growth Capital — Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion.
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Tech.eu and EU-Startups
| Kyle Wiggers / TechCrunch: |
Incident.io, which makes a Slack-based software incident response platform, has raised a $28.7M Series A led by Index Ventures — It's Incident.io co-founder and CEO Stephen Whitworth's assertion that there's fragmentation in the market for software incident management solutions.
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Tech.eu
| Ingrid Lunden / TechCrunch: |
Preply, a tutoring marketplace for language learning, raised a $50M Series C, PitchBook says at a $400M post-money valuation, bringing total funding to $100M — As Ukraine continues to be battered by Russia in an unprovoked war that has sent hundreds of thousands of refugees scattering elsewhere … | Jessica Bursztynsky / CNBC: |
Match Group expands its partnership with Garbo to offer background checks to users on its Match and Stir dating apps, after offering it to Tinder users in March — - Match Group is expanding its partnership with background check service Garbo to roll out the safety feature to two more of its dating apps … | Fortune: |
Lightspeed Venture Partners raised $6.6B across three US funds and $500M for an India and Southeast Asia fund, and debuts a team to back blockchain founders — This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.
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PitchBook. Tweets: @lightspeedvp, @refsrc, @kateclarktweets, @ravi_lsvp, @guruchahal, @wakohler, @mohapatrahemant, and @bsomaia
| Bloomberg: |
Sources: Foxconn Industrial Internet took a minority stake in Chinese state-backed chipmaker Tsinghua Unigroup for $788M during Unigroup's $9B bailout by China — A Shanghai-listed arm of Foxconn Technology Group acquired a stake in China's top chipmaker during its $9 billion bailout …
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9to5Mac and Patently Apple
| Adi Robertson / The Verge: |
The Magic Leap 2 mixed reality headset is coming on September 30 with a lighter, smaller design and a wider FoV, starting at $3,299, ~$1K more than Magic Leap 1 — About $1,000 more than the original — The Magic Leap 2 headset is launching on September 30th for a starting price of $3,299.| Sarah Perez / TechCrunch: |
SVP Prabhakar Raghavan says Google's studies show younger users often use apps like Instagram and TikTok instead of Google Search or Maps for discovery purposes — The TikTok threat to Google's business isn't just limited to YouTube, as it turns out. Core Google services, including Search and Maps …
Tweets: @anshelsag, @boomerdz, @ohmdee, and @lanreadelowo
| Zheping Huang / Bloomberg: |
China approves publishing licenses for 67 more online game titles, its third batch in 2022, but Tencent and NetEase games again failed to make the list — China approved its third batch of new games this year, but Tencent Holdings Ltd. again failed to make the list, which traders watch … | Bloomberg: |
PE firm Madison Dearborn acquires a majority stake in Unison, a software provider to the US government, from Carlyle; sources: the deal values Unison at $1B+ — Madison Dearborn Partners is acquiring a majority stake in software company Unison Software Inc. from fellow private equity firm Carlyle Group Inc.
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